LexinFintech (NASDAQ:LX) Shares Gap Down – Should You Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares gapped down before the market opened on Tuesday . The stock had previously closed at $11.06, but opened at $10.51. LexinFintech shares last traded at $10.68, with a volume of 1,024,350 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Trading Down 5.8 %

The business’s fifty day moving average price is $8.46 and its 200 day moving average price is $5.54. The firm has a market capitalization of $1.71 billion, a PE ratio of 16.53 and a beta of 0.60. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last released its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $501.26 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a $0.11 dividend. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. LexinFintech’s dividend payout ratio (DPR) is 24.44%.

Institutional Trading of LexinFintech

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp purchased a new position in LexinFintech in the fourth quarter valued at about $1,371,000. Public Employees Retirement System of Ohio raised its holdings in shares of LexinFintech by 8.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 185,988 shares of the company’s stock valued at $1,079,000 after buying an additional 14,227 shares during the period. Voloridge Investment Management LLC acquired a new position in LexinFintech during the 4th quarter worth approximately $2,565,000. Squarepoint Ops LLC purchased a new position in LexinFintech in the 4th quarter worth approximately $230,000. Finally, Point72 Asset Management L.P. acquired a new stake in LexinFintech in the fourth quarter valued at approximately $1,053,000.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.